Currency news today Nigeria – The Nigerian foreign exchange market opened midweek with relative stability in the naira. However, pressure remains in the parallel market as demand for foreign currency continues.
Notably, the gap between the official and black market rates is narrowing slightly. This trend suggests improved liquidity in the Nigerian Foreign Exchange Market. Meanwhile, global trends show a stronger U.S. dollar, which continues to influence the naira.
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Currency news today Nigeria: Nigeria Exchange Rates – April 22, 2026
| Currency | Official Market Rate (₦) | Parallel / Black Market Rate (₦) | Mid-Market / Indicative Rate (₦) |
|---|---|---|---|
| US Dollar (USD) | ₦1,340 – ₦1,355 | ₦1,360 – ₦1,390 | ₦1,348 |
| Euro (EUR) | ₦1,480 – ₦1,510 | ₦1,600 – ₦1,640 | ₦1,590 |
| British Pound (GBP) | ₦1,750 – ₦1,790 | ₦1,880 – ₦1,930 | ₦1,870 |
| Chinese Yuan (CNY) | ₦185 – ₦190 | ₦192 – ₦198 | ₦188 |
| Japanese Yen (JPY) | ₦9.5 – ₦9.9 | ₦10.2 – ₦10.6 | ₦9.8 |
| Canadian Dollar (CAD) | ₦980 – ₦1,010 | ₦1,040 – ₦1,080 | ₦1,000 |
| Swiss Franc (CHF) | ₦1,470 – ₦1,500 | ₦1,550 – ₦1,590 | ₦1,520 |
| Saudi Riyal (SAR) | ₦355 – ₦365 | ₦370 – ₦380 | ₦360 |
| UAE Dirham (AED) | ₦360 – ₦370 | ₦375 – ₦385 | ₦365 |
Key Market Insights
First, the naira remains relatively stable in the official market. However, the parallel market still reflects higher demand for foreign currency.
In addition, global economic trends continue to support a stronger U.S. dollar. As a result, emerging markets like Nigeria feel the impact.
Furthermore, exchange rates may change during the day due to supply, demand, and transaction volume.
Important Notice
All exchange rates are indicative. Therefore, actual rates may vary depending on your bank, Bureau de Change, or transaction size.
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